Collective Mining Ltd. announce assay results for six new drill holes into the Apollo Porphyry System ("Apollo") at the Guayabales Project in Caldas, Colombia. The Company reports intersecting the deepest and most westerly mineralization in brecciated porphyry ever encountered at Apollo with hole APC70-D5 cutting 527.40 metres @ 1.00 g/t gold equivalent at up to 1,070 metres below surface, including 107.00 metres @ 2.09 g/t gold equivalent. The Company is set to embark on its largest drill program to date with a minimum of 40,000 metres planned for 2024.

Four rigs are expected to be back in full operation in the near term and will continue operating throughout the calendar year. As a result of directional drill hole APC70-D5, the Apollo Porphyry System has been expanded to the southwest and at depth with maximum known dimensions now measuring 520 metres in strike x 395 metres in width x 1,070 metres vertical (previously 935 metres) with assay results as follows: 527.40 metres @ 1.00 g/t gold equivalent from 505.0 vertical metres below surface including: 107.00 metres @ 2.09 g/t gold equivalent. The system remains open to the north, west and at depth with 2024 expansion drilling at Apollo anticipated to ensue in the coming days.

Short drill holes have intercepted high-grade CBM vein style mineralization above and outside the brecciated porphyry in the shallow eastern flank of Apollo including: 31.30 metres @ 4.07 g/t gold equivalent from 35.0 metres below surface in APC-86. Directional drillhole APC90-D1 was designed to explore an untested area further west located above and outside the Apollo brecciated porphyry system and returned numerous narrow intervals of mineralization including: 10.65 metres @ 3.23 g/t gold equivalent from 930.0 metres below surface and 10.70 metres @ 1.17 g/t gold equivalent from 1,005.0 metres below surface.